2810 Somerset Drive
Los Angeles, CA, 90016
$1,200,000
Beds
0 Baths
SqFt
0.14 Acres
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This prime 4 unit asset located in the iconic West Adams neighborhood of Los Angeles is available. With a potential cap rate of 9.8, buying this building is a no-brainer from an investment perspective. Currently three units are occupied and one unit will be delivered vacant. Each unit has washer and dryer hookups in the unit and each unit has its own garage space (total 4 garage spaces) making it easy to rent out to prospective tenants. When you own buildings like this there will not be a lot of turnover. The units are almost 1200 sq feet each, could easily be converted into two bedrooms which would yield even more rent and an even better cap rate. There is space in the back for additional parking or to build an ADU to further get additional rents. If you’re looking for a great as-is or value add investment then you don’t want to miss this one.

Property Details

Price:
$1,200,000
MLS #:
24448595
Status:
Active Under Contract
Baths:
0
Address:
2810 Somerset Drive
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Oct 11, 2024
State:
CA
ZIP:
90016
Lot Size:
6,290 sqft / 0.14 acres (approx)
Year Built:
1929
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Wood
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Central

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Garage Spaces
4.00
Parking Features
Assigned
Parking Spots
4.00
Stories Total
2
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2810 Somerset Drive
Los Angeles, CA